Kohl’s has appointed interim chief executive Tom Kingsbury to the post permanently.
“This is a pivotal time for Kohl’s, and I am excited and energized to work with our talented team to elevate our performance and create value,” said Kingsbury.
"During the last few months, I have seen the passion and dedication of the Kohl's team and the unique value we can bring to our customers nationwide. I look forward to partnering with the board and leadership team to build on our strengths and deliver on our strategy for our shareholders and other stakeholders."
The company’s board of directors unanimously voted in favor of Kingsbury’s appointment just two months after he was hired for the interim position.
“Tom’s exceptional track record growing retail businesses and his deep knowledge of Kohl’s makes him the right choice for Kohl’s next CEO. Since joining the board, Tom has added valuable insight and perspective, and as Interim CEO, he has demonstrated strong leadership and made a meaningful and positive impact on the organization,” said Board Chair Peter Boneparth.
"The Board has the full confidence in Tom's ability to drive the business forward, focusing on accelerating sales and profitability, and we look forward to our continued work together."
Kingsbury has more than 40 years of retail industry experience, having served in executive and board roles at Kohl’s, Burlington Stores, and The May Department Stores Company.
During his time at Burlington Stores, Kingsbury served as the president and chief executive officer from 2008 to 2019, the chairman from 2014 to 2019, and the executive chairman between 2019 to 2020.
Photo credit: Kohl’s
